Listed by Linda Schaver

Bought with Narciso Contreras

Source: Midwest Real Estate Data, LLC #09736782

10512 Central Ave, Chicago Ridge, IL, 60415

$400,000

9
5
8
0.14 ac.

MultiFam

•

15 days on the market

Sold: Nov 28, 2017

What's around 10512 Central Ave

About this property

Great income making building with 4 rentals in a great location. The 2 units on 2nd floor each have large kitchen, family rm, 2 beds, 1 bath; a huge unit on the 1st floor with 4 beds, 2 full baths, huge kitchen and family room. Lower level has 1 bed, 1 bath garden apt., lg storage area and laundry room with coin washer and dryer. The garden level storage room has been approved by the village of Chicago Ridge to be converted into a studio apartment, which does give the possibility of increased income. Expenses and income-Gas - $65/month,$780/yr; Water - $132/month,$1584/yr; Electric -paid by tenants, owner pays electric for washer/dryer & security lights ($18-31/month,$216/yr); Lawn and snow plow done by owner. Insurance - $153/month, $1836/yr; Garbage - $59/month, $708/yr. Washer/dryer income - average $150/month, $1800/yr. Rental income - $4400/month, $54,000/yr. 1st flr furnace is in unit bathroom closet. NEW CARPET BEING INSTALLED IN HALLWAY, UNIT 1 & 2W, TILE IN LNDRY/STRG. AREA

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